The PTFE fabric market is projected to grow from USD 690.8 million in 2018 to USD 908.1 million by 2023, at a CAGR of 5.6% from 2018 to 2023.High demand for PTFE fabrics in the automotive industry, their growing demand in the construction industry, and increasing consumption of composite fabrics for industrial applications are some of the key factors driving the growth of the market. The high cost of PTFE coated fabrics in comparison to PVC coated fabrics restrains the market growth.

PTFE-based nonwoven fabrics are extensively used in composites manufacturing. These nonwoven fabrics are also used as a component in the apparel, healthcare, and industrial applications, thus keeping their demand in this segment high.

Asia Pacific is estimated to account for the largest share of the PTFE fabric market in 2018. The region is home to leading PTFE fabric manufacturers, such as Chukoh Chemical Industries (Japan) and Daikin Industries (Japan). China has several domestic PTFE fabric manufacturers and is amongst the leading exporters of PTFE fabrics in this region.

The break-up of profiles of primary participants for the report has been given below:
– By Company Type: Tier 1—25%, Tier 2—35%, and Tier 3—40%
– By Designation: CLevel—25%, DLevel—25%, and Others—50%
– By Region: Asia Pacific—40%, Europe—25%, North America—22%, Middle East & Africa—8%, and South America—5%

Asia Pacific is also witnessing huge investments in the food processing industry which are expected to further boost the demand for PTFE fabrics in this region.

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